TOP STORIES
U.S. CONSUMER PRICES FALL 0.2% IN AUGUST
The consumer-price index fell a seasonally adjusted 0.2% in
August from a month earlier, the Labor Department said. The index
was unchanged after excluding volatile food and energy
categories.
FAMILY DOLLAR REJECTS DOLLAR GENERAL TENDER OFFER
Family Dollar advised its shareholders to reject Dollar
General's tender offer, while again affirming its support for its
deal with Dollar Tree. Dollar General took its $9.1 billion to buy
Family Dollar directly to its target's shareholders a week ago.
GENERAL MILLS EXPECTS $100 MILLION COST SAVINGS
General Mills said it expects to save $100 million in costs from
streamlining its North American supply chain, as its fiscal
first-quarter profit slid to $345.2 million, or 55c a share, on a
modest decline in sales.
FEDEX PROFIT JUMPS 24% AS REVENUE RISES
FedEx said its fiscal 1Q profit jumped 24% to of $606 million,
or $2.10 a share, as the package-delivery giant reported higher
revenue in its ground, freight and express operations.
U.S. STOCKS START OFF HIGHER
Stocks opened with small gains ahead of an update on monetary
policy from the Federal Reserve. Investors are waiting for any
indication from the central bank about when it could begin to raise
short-term interest rates.
HOLDER TO PROPOSE BIG NEW REWARDS FOR WALL STREET WHISTLEBLOWERS
Attorney General Eric Holder will call for a new law to increase
potential cash payouts to whistleblowers who provide evidence of
crimes on Wall Street, according to officials.
CHINA'S PBOC INJECTS $81 BILLION INTO TOP BANKS
China's central bank is injecting $81 billion into the country's
five major state-owned banks as it moves to counter a
worse-than-expected slowdown in the world's No. 2 economy,
according to a senior Chinese banking executive.
HOME BUILDER LENNAR BEATS EXPECTATIONS
Lennar said its fiscal third-quarter profit jumped 47% to $177.8
million, or 78c a share, as higher prices and deliveries drove an
increase in revenue 26% to $2.01 billion. Shares were up 4%
early.
CREDIT SUISSE LOANS DRAW FED SCRUTINY
Credit Suisse is under fire from U.S. regulators over concerns
the bank isn't heeding warnings to stop making loans regulators see
as risky, according to a person familiar with the matter.
CRACKER BARREL PROFIT TOPS VIEWS
Cracker Barrel said its fiscal 4Q profit rose 14% to $39.2
million, or $1.63 a share, as higher prices and cost cuts helped
the restaurant chain offset lower traffic. Revenue rose 2.8% to
$692.7 million.
FOXCONN STRUGGLES TO MEET NEW IPHONE DEMAND
Apple fans may have to wait for weeks to get the new iPhones as
Apple's major assembler Foxconn appears to be struggling to boost
its production to meet strong demand.
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Grand Central
FED LIKELY TO STILL SEE JOBS SLACK AS 'SIGNIFICANT'
It has been a busy week for Fed Kremlinology as central bank
watchers debate the likelihood of changes to key phrases in the
central bank's statement. Sign up here for The Wall Street
Journal's daily report on global central banks.
Capital Journal Daybreak
HEALTH LAW'S ELECTION IMPACT DIMS
Although Republicans continue to hammer away at the Affordable
Care Act, the health-insurance law is losing some of its punch in
the 2014 campaign. Sign up here for The Wall Street Journal's
morning rundown of the biggest news driving Washington.